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Continental Mobility Study 2020 finds many people still have doubts about EVs

Green Car Congress

The majority of people in Germany (59%) cannot imagine buying an electric vehicle in the future. Only in France is the price the most discouraging factor. A lack of charging stations is cited more frequently as an argument against buying an electric car in the near future in larger cities.

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3 Years Of Painful Cuts Sets Oil Markets Up For Serious Supply Crunch

Green Car Congress

It might be that we see quite a dramatic reduction in replacing the capacity and of course that will have an impact, eventually, on price.”. That will prevent any short-term price spike even if depletion surpasses new production. A sharp rise in oil prices would spur new investment and new drilling.

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Younger auto debtors falling additional in the back of

Baua Electric

The settingup of stimulus bills and debt forbearance techniques — specifically with pupil loans — stepped forward shopper credit score rankings, he stated. “I think younger generations, particularly Gen Z, went on a kind of car-buying binge,” Hoenig stated. .” “It seems logical,” Hoenig stated.

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IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

Green Car Congress

March appears to have been solid, on preliminary data, and April may even reach prior-year volumes thanks to strong government stimulus, but we do not see all of the lost volume being made up. The local industry is already recovering, with commercial vehicle plants re-opened.

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Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

Green Car Congress

” Their analysis is in the context of the “ surprising [oil] demand strength of 2010 “; 2010 saw absolute incremental demand at around 2.2mb/d of growth—the second highest in 30 years, despite oil prices in the $90/bbl region. He also believes that sub-1.6L CAGR from 2012 through 2020 to about $250/kWh.

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This is How the COVID-19 Pandemic Affect The Global EV Market

Get Electric Vehicle

CO2-emission restrictions have a big impact on market conditions because they challenge automakers to make more fuel-efficient cars and the incentives from the state, such as buying price discounts and tax cuts, have a significant impact on market demand.

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Renewable Energy Generation: Change is not a destination, just as hope is not a strategy, a lesson exported from Detroit

Green Car Congress

The automotive industry is living proof that private companies will rarely change their behaviors without a significant stimulus to that change, and furthermore one that needs to be mandated. Without the CAFE standard and stimulus monies to promote green vehicle tech, the industry would not be headed toward a greener horizon.

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